Turn your home equity into a getaway that pays you back. Most likely, you’ve got equity sitting in your home, so why not turn it into a second property that pays you back and gives you a good excuse to unplug.
Here’s how, by buying a vacation home with the equity you already have. Mortgage rates are where they are and probably will remain in this range for some time. We don’t have a crystal ball on when we expect them to be lowered. But what we do know is that home equity is at record highs, with some sellers having close to $300,000 or more. And, bonus, certain vacation markets have cooled enough in price for you to strike while others may be hesitant.
You can turn your primary home’s equity into a second home that creates passive income, appreciates over time, and becomes your go-to escape when life gets crazy and you just need to get away. Whether you’re looking for wine country, beachfront front or ski slopes, this is the moment to make a move while others wait. What resort places would you love to have a second home?
DM me to let me know. We can sit down and take a look at your numbers to make this dream a reality for you. I’m Terry Tucker with eXp Realty. I will help you build wealth through real estate.
